Daily Current Affairs October 27 2022

 

CURRENT AFFAIRS: IMPORTANT DAYS

Disarmament Week- 24 to 30 October

• Every year, from October 24 to 30, Disarmament Week is observed.
• One of the primary purposes of the United Nations is to achieve universal peace.
• To that goal, the organization observes Disarmament Week every year from October 24 to October 30.
• Disarmament Week attempts to raise awareness and understanding of disarmament challenges and their interconnections.

History:

• The week-long yearly observance began on October 24, the anniversary of the United Nations’ creation, and was initially called for in the Final Document of the General Assembly’s 1978 special session on disarmament (resolution S-10/2).
• In 1995, the General Assembly asked states and non-governmental organizations (NGOs) to continue actively participating in Disarmament Week (resolution 50/72 B, 12 December 1995) to increase public understanding of disarmament concerns.
• In 1952, the United Nations Disarmament Commission (UNDC) was founded.
• It was tasked with developing treaty proposal documents to limit and reduce the number of nations’ military forces and weaponry.

About United Nations Disarmament Commission

• Founded: 11 January 1952
• Headquarters location: New York, United States
• Head: Han Tae-song.

World Day for Audiovisual Heritage: 27th October

• World day for Audiovisual Heritage 2022 is observed on the 27th of October 2022.
• UNESCO aims to promote digital platforms so that our Culture and Heritage will be transferred to the next younger generation quickly to their place so that they will be aware of the rich heritage and culture of all countries worldwide.
• World Day for Audiovisual Heritage 2022 Theme set up by UNESCO is “Enlisting documentary heritage to promote inclusive, just, and peaceful societies.”
• The World Day for Audiovisual Heritage (WDAH) is a commemoration of the adoption, in 1980 by the 21st General Conference, of the Recommendation for the Safeguarding and Preservation of Moving Images.
• Since the World Day for Audiovisual Heritage2022 is celebrated in conjunction with the 30th anniversary of the World Programme, the members of State in UNESCO take this day as an opportunity to evaluate their performance in implementing the Recommendations for Preservation and Access of the Documentary Heritage in Digital Form.

CURRENT AFFAIRS: STATE NEWS

Kerala govt launches mobile app to prevent cyber crimes against children

• Kerala Chief Minister Shri Pinarayi Vijayan launched the ‘Kunjapp’, a mobile application to prevent cyber crimes against children in Kerala.
• Shri Vijayan also inaugurated the training for the newly appointed Child Welfare Committee (CWC) and Juvenile Justice Board (JJB) members at Kovalam.
• The CWC and JJB members must ensure the safety and security of the children.
• Child exploitation can be reported through the application.
• The CWC and the JJB members should ensure that the society follows the laws in connection with the children and make sure that those children who violate the law are transformed into model citizens.

About Kerala :

• Governor: Arif Mohammad Khan
• Chief minister: Pinarayi Vijayan
• Capital: Thiruvananthapuram
• Wildlife Sanctuaries: Chinnar Wildlife Sanctuary, Kumarakom Bird Sanctuary, Periyar Wildlife Sanctuary, Parambikulam Wildlife Sanctuary
• National Park: Eravikulam National Park, Silent Valley National Park
• Dance: Kathakali, Mohiniattam, Chakyar Koothu

First national project upper bhadra scheme to be launched in Karnataka

• Karnataka Chief Minister Shri Basavaraj Bommai announced that the Upper Bhadra scheme will become Karnataka’s first national project.
• The scheme has got the approval of the Press Information Bureau (PIB) and the Union Jal Shakti Minister Shri Gajendra Singh Shekhawat has been requested to get it passed in the Union Cabinet.

Key Highlights :

• The Tumkur-Davangere railway line has been reviewed and directions are issued to acquire land for the project.
• Once this work is done, then all steps will be taken to start the project & the necessary funds will be released.
• The reason behind the delay in the acquisition of 7 acres for the Upper Bhadra scheme for the last 2 years, there are problems with a few farmers providing the land.

About the Upper Bhadra scheme :

• The Upper Bhadra Project is being undertaken by Visvesvaraya Jala Nigam Ltd. 
• It is a major lift irrigation scheme under implementation in Karnataka.
• The project envisages the lifting of 40 thousand million cubic feet (tmcft) of water in the first stage from the Tunga river to the Bhadra reservoir and the lifting of 29.90 tmcft of water in the second stage from the Bhadra reservoir to irrigate 2,25,515 hectares by micro-irrigation in Chitradurga, Davanagere, Tumakuru and parts of Chikkamagaluru.

About Karnataka :

• Governor: Thawar Chand Gehlot
• Chief minister: Basavaraj Bommai
• Capital: Bengaluru
• National Park : Bandipur NP, Kudremukh NP, Bannerghata NPRajiv Gandhi NP
• Wildlife Sanctuaries: B R Hills Wildlife Sanctuary, Cauvery Wildlife Sanctuary, Gudavi Bird Sanctuary, Bhadra Wildlife Sanctuary
• Tiger Reserve: Nagarahole Tiger Reserve, Bhadra Tiger Reserve
• Festival: Hampi, Mahamastakabhisheka (Shravanabelagola)
• Dance: Yakshagana, Dollu Kunitha, Bolak-aat (Bolak Dance), Huttari Dance

Odisha CM Shri Naveen Patnaik Launches Football for All’ program for the promotion of sport among children

• Odisha Chief Minister Shri Naveen Patnaik virtually launched the ‘Football for All initiative to promote the sport among school children in
• The Programme has been initiated by FIFA in Odisha in partnership with the Kalinga Institute of Industrial Technology (KIIT) & Kalinga Institute of Social Sciences (KISS).
• This is the first such program of FIFA in India that aims at promoting football among school children.
• Under the program, sponsored by FIFA in partnership with institutes KIIT & KISS, Odisha will distribute at least 43,000 footballs among children of around 2,000 schools.

About Odisha :

• Governor: Ganeshi Lal
• Chief minister: Naveen Patnaik
• Capital: Bhubaneswar
• National Park: Simlipal National Park, Bhitarkanika National Park
• Wildlife Sanctuaries: Tikarpada Wildlife Sanctuary, Chilika Wildlife Sanctuary, Sunabeda Wildlife Sanctuary, Kotagarh Wildlife Sanctuary
• Dance : Odissi, Ghumara

About FIFA :

• Founded: 21 May 1904
• Headquarters : Zürich, Switzerland
• President : Gianni Infantino
• Secretary General: Fatma Samoura
• Membership: 211 national associations

CURRENT AFFAIRS: BANKING & FINANCE

ICICI Bank launches Smart Wire for faster SWIFT-based inward remittances

• ICICI Bank has launched Smart Wire, an online solution to help its customers carry out SWIFT (Society for Worldwide Interbank Financial Telecommunications) based inward remittances in a faster and hassle-free manner.
• The Smart Wire facility allows both Non-Resident Indians (NRIs) and resident customers to undertake inward remittance transactions in an online and paperless way.
• ICICI Bank is the first bank in the country to introduce this faster online solution to receive inward wire remittances.

Key Highlights :

• The Smart Wire facility enables the beneficiary to initiate the wire transfer request, submit online declaration/documents, block the exchange rates in advance and track the status of the transaction.
• Through this facility, accurate information related to the beneficiary, the purpose of the inward remittance, and declaration, where required, are captured in advance and shared with the remitter instantly.
• The beneficiary can block the exchange rate for the expected inward wire transfer.
• The deal booking facility is available for US Dollar (USD), Euro (EUR), British pound sterling (GBP), Emirati Dirham (AED), Canadian Dollar (CAD), Singapore Dollar (SGD), and Australian Dollar (AUD).

Benefits :

• The Smart Wire facilitates can be used for various purposes of remittances including family maintenance and savings, personal gift / financial support, NRE/ NRO repatriation, salary, business, and management consultancy.

About ICICI Bank :

• Founded: 5 January 1994
• Headquarters: Mumbai, Maharashtra, India
• MD & CEO: Sandeep Bakhshi

SEBI clarifies Guidelines about the Execution of DDPI

• The Securities and Exchange Board of India (SEBI) widened the scope of the Demat Debit and Pledge Instruction (DDPI) for pledging and repledging of securities for margin purposes effective from November 18, 2022.
• Under DDPI, Mutual fund transactions executed on stock exchange order entry platforms and tendering of shares in open offers through stock exchange platforms will be covered.
• The circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992, and Section 19 of the Depositories Act, 1996, to protect the interests of investors in securities and to promote the development of and to regulate the securities markets.
• With the implementation of the guidelines, the Demat Debit and Staking Instruction (DDPI) replaced the PoA document.
• The DDPI shall serve the same purpose as PoA and significantly mitigate the misuse of PoA.

About SEBI :

• Established: on 12 April 1988 as an executive body and was given statutory powers on 30 January 1992 through the SEBI Act, 1992
• Headquarters: Mumbai, Maharashtra
• Chairman: Madhabi Puri Buch
• SEBI is the regulatory body for securities and commodity markets in India under the ownership of the Ministry of Finance within the GoI.

SEBI cancels Brickworks license, orders wind-up by April

• The Securities and Exchange Board of India (SEBI) canceled the license of Brickwork Ratings, prohibited it from taking up new clients, and directed it to wind up operations in 6 months.
• It was taken as it failed to exercise proper skill, care, and diligence while discharging its duties as a credit rating agency
• SEBI & the Reserve Bank of India (RBI) conducted a joint audit of the rating agency in January 2020 that led to an administrative warning and inquiry.
• The SEBI order listed various violations by Brickwork, including failure to document meetings with the management, lack of independent analysis of financial projections given by companies, delay in recognizing defaults, and conflict of interest.

About Brickwork Ratings :

• Brickwork Ratings (BWR), a SEBI’s one of the seven registered Credit Rating Agencies…

BSE gets SEBI nod for social stock exchange as a separate segment

• Stock exchange BSE has got an in-principle nod from the capital market regulator Securities and Exchange Board of India (SEBI) for the social stock exchange as a separate segment.
• The SEBI had specified minimum requirements to be met by a non-profit organization (NPO) for registration with SSE, disclosure requirements for NPOs raising funds through the issuance of zero-coupon zero principal instruments, and put in place annual disclosure requirements that need to be made by NPOs on such exchanges.
• The listed NPO will have to submit a statement of the utilization of funds to SSE, as mandated under Sebi’s rules, within 45 days from the end of the quarter.

Key Highlights :

• The social enterprises will have to engage in a social activity out of 16 broad activities listed by the regulator.
• The eligible activities include eradicating hunger, poverty, malnutrition, and inequality; promoting healthcare, supporting education, employability, and livelihoods; gender equality empowerment of women and LGBTQIA+  (lesbian, gay, bisexual, transgender, queer, questioning, intersex, pansexual, two-spirit, asexual and allay) communities; and supporting social enterprise incubators.
• In July 2022 SEBI notified rules for Social Stock Exchange (SSE) to provide social enterprises with an additional avenue to raise funds.
• About the minimum requirements to be met by an NPO, Sebi informed me that NPO needs to be registered as a charitable trust and should be registered for at least 3 years.
• It must have spent at least ₹50 lakh annually in the past financial year and should have received funding of at least ₹10 lakh in the past financial year.

CURRENT AFFAIRS: BUSINESS NEWS

Google is fined Rs.1337 crore in India for abusing its dominant position:

• The country’s competition commission fined Google, a unit of Alphabet Inc., Rs 1,337 crore for anti-competitive behavior involving Android mobile devices.
• The Competition Commission of India (CCI) fined Google for “abusing its dominant position in several places within the Android mobile device ecosystem.”
• Google described the decision to penalize it for alleged anti-competitive actions as a “significant setback for Indian consumers and businesses.”
• In the current case, the commission identified five appropriate markets to serve this function.
• In India, there was a market for licensable mobile operating systems for smart devices, an Android app store, general web search services, non-OS specific mobile web browsers, and an online video hosting platform (OVHP).

CURRENT AFFAIRS: AWARDS AND HONOUR

The Ukrainian people have been awarded the EU’s Sakharov freedom prize for 2022:

• The European Parliament has bestowed the annual Sakharov Prize for Freedom of Thought on the people of Ukraine in recognition of their resistance to Russia’s invasion.
• Following a vote by the Conference of Presidents of the European Parliament, European Parliament President Roberta Metsola revealed the laureate for 2022 in the Strasbourg plenary chamber (the President and political group leaders).
• The award includes 50,000 euros ($49,100) in prize money, which will be handed to leaders of Ukrainian civic society.
• Since 1988, the prize, named after late Soviet dissident Andrei Sakharov, has been given to individuals and organizations promoting human rights and fundamental freedoms.
• Last year, the award was handed to Alexei Navalny, a jailed Kremlin opponent, for his attempts to challenge Russian President Vladimir Putin’s grip on power.
• Previous recipients include South African President Nelson Mandela, Pakistani education campaigner Malala Yousafzai, and Belarus’ democratic opposition.

IIT Madras has won the National Intellectual Property Award for 2021 and 2022:

• The Indian Institute of Technology-Madras (IIT-M) received the national prize for intellectual property for 2021 and 2022.
• The Ministry of Commerce and Industry established the prize.
• The evaluation criteria for patents were applications, grants, and commercialization. Union Minister for Commerce and Industry Piyush Goyal presented the prize.
• Kamakoti, director of the institute, commended the professors, researchers, students, and other stakeholders on their achievement after receiving the trophy, citation, and cash prize of Rs. 1 lakh.
• This award has inspired IIT Madras to create and protect additional intellectual property with societal impact.
• The yearly award recognizes people who have succeeded in intellectual property ideas and commercialization that support the development of the nation’s IP ecosystem and foster innovation, including individuals, institutions, organizations, and corporations.

CURRENT AFFAIRS: SCIENCE & TECHNOLOGY

ISRO’s heaviest rocket successfully places 36 broadband satellites in low earth orbit

• Indian Space Research Organizations’ heaviest rocket Launch Vehicle Mark 3 (LVM3 or GSLV Mark 3) in its first commercial mission LVM3-M2 had successfully placed 36 broadband communication satellites for London-headquartered Network Access Associated Limited (OneWeb) into low earth orbit.
• The rocket of ISRO- LVM3-M2/OneWeb India-1 – blasted off from Satish Dhawan Space Center in Sriharikota, Andhra Pradesh (AP).
• This is OneWeb’s 14th launch, bringing the constellation to 462 satellites.
• LVM3-M2 is a three-stage launch vehicle consisting of two solid propellants S200 strap-ons on its sides and a core stage comprising the L110 liquid stage and C25 cryogenic stage.

Key Highlights :

• The 43.5 meter LVM3 weighing around 644 tonnes carried 36 satellites weighing 5,796 kg or about 7 tonnes. 
• With this launch, LVM3 has made its entry into the global commercial launch service market.
• The vehicle is dubbed as one of the heaviest for its ability to carry satellites up to 8,000 kg.
• This launch represents more than 70% of its planned 648 low earth orbit (LEO) satellite fleet that it said will deliver high-speed, low-latency connectivity worldwide.

Note :

• According to ISRO, the mission has the heaviest payload with 36 satellites of OneWeb, becoming the first Indian rocket with a payload of 5,796 kg. 
• The launch is also the first for LVM3-M2 to place the satellites in the Low Earth Orbit (up to 1,200 kms above the earth) unlike Geosynchronous Transfer Orbit (GTO).

About OneWeb Ltd :

• OneWeb Ltd is the UK-based customer of NewSpace India Ltd (NSIL), ISRO’s commercial arm, and a global communication network powered from space, enabling internet connectivity for governments and businesses.
• Bharti Enterprises is one of the major investors in OneWeb.

About ISRO :

• Founded: 15 August 1969
• Headquarters: Bangalore, Karnataka, India
• Chairman: S Somanath
• ISRO is the national space agency of India, operating under the Department of Space (DOS).

Daksha’s petrol-operated drones get DGCA approval

• Director-General of Civil Aviation (DGCA) has approved India’s first petrol-operated drones designed and manufactured by the students’ startup Daksha Unmanned Systems (DUMS) Private Limited.
• The DGCA issued the ‘Type Certificate’ to Daksha’s prototype DH-Agrigator, an agriculture sprayer drone. 
• Daksha is setting up an exclusive manufacturing unit at Ambattur in Chennai, Tamil Nadu (TN).
• While the MIT (Madras Institute of Technology) aerospace department is offering research and development to the Daksha unit, Anna University is offering drone pilot training courses for those who have passed Class X.
• Each drone costs Rs 13 to 15 lakh, the central government is offering a subsidy of Rs 10 lakh to the Kisan Vikas Kendra and Rs 7.5 lakh to farmer-producer organizations.

About DGCA :

• The DGCA is a statutory body of the Government of India to regulate civil aviation in India.
• It became a statutory body under the Aircraft (Amendment) Act, of 2020.
• The DGCA investigates aviation accidents and incidents.
• Headquarters: New Delhi, Delhi, India
• Director General: Arun Kumar

PhonePe invests $200 million in data centers

• Walmart-owned payment services provider PhonePe invested USD 200 million (around Rs 1,661 crore) in building data centers in India.
• Out of this, USD 150 million investments will take the overall capacity to over 14 megawatts spread across three facilities in Bengaluru, and Karnataka.
• The investments are driven by the regulatory insistence on data localization, which prevents a financial sector entity from storing its data overseas.

About PhonePe :

• Founded: 2016
• Headquarters: Mumbai, Maharashtra
• Founder & CEO : Sameer Nigam
• PhonePe is an Indian digital payments and financial technology company.

MS Dhoni launches Made-in-India camera drone ‘Droni’

• Indian cricket star Mahendra Singh Dhoni launched a ‘made-in-India camera drone’ named ‘Droni’ with advanced features manufactured by Garuda Aerospace. 
• The product will be available in the market by the end of 2022.
• Dhoni is the brand ambassador of Garuda Aerospace.
• Garuda Aerospace also launched a new ‘Kisan Drone’ that is aimed at the agriculture sector, particularly in spraying applications.
• This battery-powered drone is capable of carrying out agricultural pesticide spraying over a land area of 30 acres per day

About Garuda Aerospace :

• Founded: 2015
• Headquarters: Chennai, Tamil Nadu
• Founder and CEO: Agnishwar Jayaprakash

CURRENT AFFAIRS: SPORTS NEWS

Max Verstappen wins the action-packed US Grand Prix 2022:

• The 2022 Formula 1 Aramco United States Grand Prix 2022 was won by Belgium’s Max Verstappen of Red Bull Racing at the Circuit of the Americas in Austin, Texas, United States (US).
• With this triumph, he equaled Germany’s Sebastian Vettel and Michael Schumacher’s Formula One season record of 13 victories.
• He overcame Mercedes’ Lewis Hamilton of the United Kingdom.
• Mercedes’ wait for a 2022 victory continues as Hamilton settles for second place, while Leclerc rescued a podium position for Ferrari as the Italian team mathematically slipped out of contention for the constructors’ trophy.
• Sebastian Vettel won 13 races with Red Bull in 2013, whereas Michael Schumacher accomplished the milestone in 2004.
• Red Bull Racing also won the 2022 Constructors Championship as a result of this victory.
• The 2022 US Grand Prix was the 19th round of the Formula One World Championship.

CURRENT AFFAIRS: BOOKS AND AUTHOR

“The Corbett Papers” a new book edited and compiled by Akshay Shah and Stephen Alter:

• The Corbett Papers: Biographical, Legal, & Contextual Material on the Life & Career of Jim Corbett of Kumaon, edited and compiled by Akshay Shah and Stephen Alter, is a new book about Jim Corbett.
• Black Kite Publishing is the publisher.
• The well-known naturalist-hunter Jim Corbett has chronicled his encounters with wildlife in the North Indian woods in several best-sellers.
• The Corbett Papers also contains infrequent excerpts from a lost work as well as Maggie Corbett’s unpublished memories of her brother.

Dr. Bimal Jalan wrote the book “From Dependence to Self­Reliance.”

• Bimal Jalan, an economist, wrote the book “From Dependence to Self­Reliance: Mapping India’s Rise as a Global Superpower,” which takes stock of India’s growth trajectory and benefits from Bimal Jalan’s deep insights.
• The text is written clearly for the general reader.
• Bimal Jalan divides his work into three sections: four chapters on economics and three each on governance and politics.
• Bimal Jalan’s principal goal is to promote India’s national interests, regardless of any political platform proclaimed during elections.
• Bimal Jalan is a former governor of the Reserve Bank of India.
• He has previously held many government roles, including finance secretary and head of the Prime Minister’s Economic Advisory Council.

CURRENT AFFAIRS: OBITUARIES

National Film Award Recipient Bengali Film Director Pinaki Chaudhuri Passes away

• National award recipient director of Bengali films, Pinaki Chaudhuri, has passed away at the age of 82 in Kolkata, West Bengal.

About Pinaki Chaudhuri :

• Pinaki Chaudhuri was an Indian academic and film director.
• He had varied interests in arts and music and made his foray into the world of films in 1983 when he directed ‘Chena Achena’ (Known and Unknown).
• He was the Chairman of the Jury Board for the selection of Indian films for the National Awards

His notable films :

• ‘Kakababu Here Gelen?’ (Kakababu defeated?)
• ‘Ek Tukro Chand’ (A slice of the moon)
• ‘Arohan’ (Ascension).

Awards & Honors :

• He was awarded 2 National Awards for the Best Feature Film in Bengali, the first one in 1996 for Shanghaath’ (Conflict) and again in 2007 for Ballygunge Court. 

Red Bull Formula 1 owner Dietrich Mateschitz Passes away

• The co-founder of the energy drink company Red Bull and founder and owner of the Red Bull Formula One racing team, Dietrich Mateschitz, has passed away at the age of 78.

About Dietrich Mateschitz :

• Mateschitz was born on 20 May 1944, in Styria, Nazi Germany (now in Austria).
• He was an Austrian billionaire businessman.
• He was co-founder of the Wings for Life foundation which supports spinal cord research together with Heinz Kinigadner.
• He has also initiated the World Stunt Awards, an annual fundraiser to benefit his Taurus Foundation.
• He founded Red Bull GmbH in 1984 and launched it in Austria in 1987.

Versatile Emmy-winning Actor Leslie Jordan Passes away

• Veteran actor, Leslie Allen Jordan has passed away at the age of 67.

About Leslie Allen Jordan :

• Leslie Jordan was an American actor, comedian, writer, and
• His television roles included Lonnie Garr on Hearts Afire (1993–1995), and Beverley Leslie on Will & Grace (2001–2006, 2017–2020).
• He played various roles in the “American Horror Story” series.
• In April 2021, he published his autobiography, How is Y’all Doing? Misadventures and Mischief from a Life Well Lived.

Awards & Honors :

• He won the Primetime Emmy Award for Outstanding Guest Actor in a Comedy Series, Will & Grace, in 2006.

Daily CA on October 27:

• Every year, from October 24 to 30, Disarmament Week is observed.
• World day for Audiovisual Heritage 2022 is observed on the 27th of October 2022.
• The country’s competition commission fined Google, a unit of Alphabet Inc., Rs 1,337 crore for anti-competitive behavior involving Android mobile devices.
• The European Parliament has bestowed the annual Sakharov Prize for Freedom of Thought on the people of Ukraine in recognition of their resistance to Russia’s invasion.
• The Indian Institute of Technology-Madras (IIT-M) received the national prize for intellectual property for 2021 and 2022.
• The 2022 Formula 1 Aramco United States Grand Prix 2022 was won by Belgium’s Max Verstappen of Red Bull Racing at the Circuit of the Americas in Austin, Texas, United States (US).
• The Corbett Papers: Biographical, Legal, & Contextual Material on the Life & Career of Jim Corbett of Kumaon, edited and compiled by Akshay Shah and Stephen Alter, is a new book about Jim Corbett.
• Bimal Jalan, an economist, wrote the book “From Dependence to Self­Reliance: Mapping India’s Rise as a Global Superpower,” which takes stock of India’s growth trajectory and benefits from Bimal Jalan’s deep insights.
• Kerala Chief Minister Shri Pinarayi Vijayan launched the ‘Kunjapp’, a mobile application to prevent cyber crimes against children in Kerala.
• Karnataka Chief Minister Shri Basavaraj Bommai announced that the Upper Bhadra scheme will become Karnataka’s first national project.
• Odisha Chief Minister Shri Naveen Patnaik virtually launched the ‘Football for All initiative to promote the sport among school children in
• ICICI Bank has launched Smart Wire, an online solution to help its customers carry out SWIFT (Society for Worldwide Interbank Financial Telecommunications) based inward remittances in a faster and hassle-free manner.
• The Securities and Exchange Board of India (SEBI) widened the scope of the Demat Debit and Pledge Instruction (DDPI) for pledging and repledging of securities for margin purposes effective from November 18, 2022.
• The Securities and Exchange Board of India (SEBI) canceled the license of Brickwork Ratings, prohibited it from taking up new clients, and directed it to wind up operations in 6 months.
• Stock exchange BSE has got an in-principle nod from the capital market regulator Securities and Exchange Board of India (SEBI) for the social stock exchange as a separate segment.
• Indian Space Research Organizations’ heaviest rocket Launch Vehicle Mark 3 (LVM3 or GSLV Mark 3) in its first commercial mission LVM3-M2 had successfully placed 36 broadband communication satellites for London-headquartered Network Access Associated Limited (OneWeb) into low earth orbit.
• Director-General of Civil Aviation (DGCA) has approved India’s first petrol-operated drones designed and manufactured by the students’ startup Daksha Unmanned Systems (DUMS) Private Limited.
• Walmart-owned payment services provider PhonePe invested USD 200 million (around Rs 1,661 crore) in building data centers in India.
• Indian cricket star Mahendra Singh Dhoni launched a ‘made-in-India camera drone’ named ‘Droni’ with advanced features manufactured by Garuda Aerospace. 
• National award recipient director of Bengali films, Pinaki Chaudhuri, has passed away at the age of 82 in Kolkata, West Bengal.
• The co-founder of the energy drink company Red Bull and founder and owner of the Red Bull Formula One racing team, Dietrich Mateschitz, has passed away at the age of 78.
• Veteran actor, Leslie Allen Jordan has passed away at the age of 67.